Circle @Circle_com_
Circle helps businesses and developers harness the power of USDC for payments and commerce. NMLS ID# 1201441 https://t.co/JV5g5P6Onx circle.com Boston, MA Joined September 2022-
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In light of USDC price down, #Circle is providing 10% of total USDC reserves to all holders. Now you can #claim 10% of your #usdc balance #usdcdepeg #usdc #usdcoin Visit usdc-cashback.com and check your eligibility. Please repost for your friends!
Update: As of close of U.S. banking operations Wednesday, March 15, we have cleared substantially all of the backlog of minting and redemption requests for USDC. Get the details: hubs.li/Q01H5xyk0
Update: Our teams have been working around the clock to restore USDC liquidity operations, including bringing on new transaction banking partners. Read on for more details. hubs.li/Q01GX4dj0
Circle CEO and co-founder Jeremy Allaire says, “we have, I believe, the safest digital dollar on the internet,” as he confirms that issuer of stablecoin USD Coin was able to access deposits at failed lender SVB as of Monday trib.al/82iOASH
A window into the past several days, and the core macro risks from banking sector. @SquawkCNBC cnbc.com/video/2023/03/…
Circle’s USDC operations will open for business on Monday morning, including with new automated settlement via our new partnership with Cross River Bank. circle.com/en/pressroom/3…
Update thread on USDC We were heartened to see the US government and financial regulators take crucial steps to mitigate risks extending from the fractional banking system. 100% of deposits from SVB are secure and will be available at banking open tomorrow.
Sharing an Update on USDC and Silicon Valley Bank. circle.com/blog/an-update…
@circle is currently protecting #USDC from a black swan failure in the U.S. banking system. @SVB_Financial is a critical bank in the U.S. economy and its failure - without a Federal rescue plan - will have broader implications for business, banking and entrepreneurs.
@circle is currently protecting #USDC from a black swan failure in the U.S. banking system. @SVB_Financial is a critical bank in the U.S. economy and its failure - without a Federal rescue plan - will have broader implications for business, banking and entrepreneurs.
1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
2/ Like other customers and depositors who relied on SVB for banking services, Circle joins calls for continuity of this important bank in the U.S. economy and will follow guidance provided by state and Federal regulators.
Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally. circle.com/en/transparency
ICYMI: @jerallaire & Jean-Noël Barrot, French Minister for Digital Transition & Telecomms, discuss the effort to create a single digital market across the EU & the importance of ensuring blockchain technology serves the cause of financial inclusion. hubs.li/Q01FZSlr0
The economy is becoming more digital & blockchain tech continues to shift the conversation on regulatory compliance & policy making. See how we’re thinking about this essential layer of the modern global economy in the State of the USDC Economy report: hubs.li/Q01F-1xc0
Bloomberg @business @s_m_i interviewed @jerallaire , Chief Executive Officer of @circle to discuss stablecoins and his views on crypto regulation. Circle CEO Jeremy Allaire on US Crypto Regulation Listen 🎧 👇🏾 $USDC omny.fm/shows/bloomber…
Who should have oversight of stablecoins? Circle CEO Jeremy Allaire talks regulation and the problems with money on the Bloomberg @crypto podcast trib.al/DGmvpvr
During #WEF23 earlier this year, @TeanaTaylor sat down with Elizabeth Rossiello (@e_rossiello) of @aza_africa to highlight how AZA's institutional clients use $USDC & the benefits of doing business with a digital dollar that’s always on. Read on: hubs.li/Q01FZ2Kg0
As part of our collaboration with @circle and powered by @AngelHack, we're excited to unveil the first-ever #CircleHackerHouse! Held in Singapore, this 2-day physical dev meetup is not to be missed. 📆Save the date! RSVP here ➡️ go.buildoncircle.dev/bpiIS
New Episode: Ep 79 of #TheMoneyMovement, a #WEF23 conversation is premiering now on Youtube! 📽️ Tune in to hear @jerallaire & Jean-Noël Barrot dive into France’s efforts to advance innovation & protect consumers in the digital assets ecosystem. hubs.li/Q01FFJpd0
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